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LLAP

Terran Orbital Corporation (NYSE:LLAP) has requested the New York Stock Exchange to halt trading in the company's common stock for the remainder of the day due to a Shareholder Town Hall Meeting. The meeting is scheduled to be held today at 3:00 p.m. E.T.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:08 pm

AKAM

Guggenheim analyst Raymond McDonough has upgraded Akamai Technologies Inc (AKAM) to Neutral from Sell. McDonough sees risk to Q3 and Q4 FY23 top-line estimates, with potential downside to the Compute business. However, he also sees a 2%-3% potential upside to FY24 estimates, even if H2 FY23 results come slightly below expectations. The analyst is bullish on expected new business growth in the Security business, the utilization of incremental data center additions to drive Compute results, and the Delivery segment benefiting from H2 FY24 events.

Portfolio Pulse from Lekha Gupta

October 26, 2023 | 7:06 pm

SE

A whale investor has taken a bullish stance on Sea (NYSE:SE), with 51% of investors opening trades with bullish expectations and 48% with bearish. The whale has been targeting a price range from $25.0 to $310.0 for Sea over the last 3 months. The price of SE is currently down -5.62% at $41.5. The stock is currently neutral between overbought and oversold according to RSI indicators. Next earnings are expected to be released in 19 days.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:04 pm

TEAM

A significant bearish stance has been taken on Atlassian (NASDAQ:TEAM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 28% bullish and 71% bearish. The price of TEAM is up 0.6% at $179.67. UBS has downgraded its action to Neutral with a price target of $225.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:04 pm

NOW

A significant investor has taken a bearish stance on ServiceNow (NYSE:NOW), with 63% of recent trades being bearish. The targeted price range for ServiceNow over the last 3 months is $300.0 to $690.0. The current price of NOW is up 4.39% at $553.45. Citigroup, Piper Sandler, and BMO Capital maintain positive ratings on ServiceNow, while Needham and Stifel have downgraded their actions to Buy.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:04 pm

MAT

Morgan Stanley analyst Megan Alexander reiterated an Overweight rating on Mattel Inc (NASDAQ:MAT) but lowered the price target from $27 to $25. The analyst noted that Mattel posted a strong Q3 but the full-year guide was disappointing. The Q4 sales guidance is seen as reasonable and the company maintained its guidance for flat sales growth. The analyst estimates $5.56 billion in sales, a 49.1% gross margin, and $1.45 in EPS for FY24. Mattel shares are trading lower by 6.79% at $18.75.

Portfolio Pulse from Shivani Kumaresan

October 26, 2023 | 7:01 pm

VHC

VirnetX has filed a certificate of amendment to effect a 1-for-20 reverse stock split, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:00 pm

AAVEUSD

Cryptocurrency Aave's price has decreased by 4.72% over the past 24 hours to $79.52, contrary to its performance over the past week where it experienced an up-trend of 24.0%. Aave's trading volume has climbed 113.0% over the past week, and the circulating supply of the coin has increased 0.17% to 14.59 million, which makes up an estimated 91.19% of its max supply of 16.00 million. The current market cap ranking for AAVE is #44 at $1.16 billion.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:00 pm

ARBUSD

Arbitrum's (CRYPTO: ARB) price has increased by 3.32% over the past 24 hours to $0.93, and by over 21.0% over the past week. The trading volume for the coin has increased 401.0% over the past week, while the overall circulating supply of the coin has decreased 0.49%. The current market cap ranking for ARB is #41 at $1.19 billion.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:00 pm

LLAP

Trading of shares for Terran Orbital has been halted due to pending news. The nature of the news is not yet disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 6:59 pm